Akron, Ohio Lender Lends Money to Convenience Stores Company

Want to talk with an Akron, Ohio bank about a small business loan? Here's one Ohio business loan, issued by an Akron bank, that was approved by the SBA.

Applying for an SBA loan with Firstmerit Bank worked out well for our friends at one local firm in Painesville, Ohio. They got an SBA loan for $276,200. Nice!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
PAINESVILLE, OH 44077

SBA Loan Lender

FIRSTMERIT BANK
3 CASCADE PLZ
AKRON, OH 44308

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

5/22/2006

Loan Approval Gross Amount

$276,200

Loan Approval from the SBA

Of the total $276,200 loan amount, the SBA guaranteed $207,150.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had no employees. The SBA loan documents indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Painesville OH, you ought to talk with a local Painesville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Painesville businesses.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

The Art of Bootstrapping

SBA Participating Banks in Akron, Ohio

Ohio SBA Banks